Boston Partners' Mullaney: Recession is not on the horizon for 2020

Michael Mullaney, director of global markets research at Boston Partners says that while there are some warning signs clearly visible -- and wildcards like trade wars and Brexit that could cause further deterioration -- investors should stay fully invested for as long as the economy continues showing growth and companies keep on reporting profits. He suggests that investors side with stocks that have 'high-quality characteristics' as a way to hedge against a weakening market. Also on the show, John Kosar of Asbury Research gave a technical outlook that wasn't nearly as positive, noting that the market is overextended and that if the major indexes break through support levels, investors might want to take better control of their risks. Axel Merk of the Merk Funds and the ASA Gold and Precious Metals closed-end fund discusses the difference for investors between using traditional funds and the closed-end structure for exposure to precious metals, and George Young of the Villere Funds talks stocks in the Market Call.